Funding you earn now, next payment 00:00 UTC+0.0287%/8h= +31.4% APRpaid last 24h +0.060%
Price spread now: Paradex against BloFin−0.013%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$9 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin MORPHO-USDT | 2.6506 | −0.0187 | get 0.0093% / 4h | 5m 01s | $637K | $253K | 20x |
| Short | Paradex MORPHO-USD-PERP | 2.6503 | 0.0100 | get 0.0100% / 8h | 5m 01s | $5K | $3 | 5x |
BloFin MORPHO-USDT
Paradex MORPHO-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $60.22
- Price spread: −0.013% → 0.000%
- −$1.27
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- $42.95
- Costs to cover
- 0.160%
- Break-even
- 2.0 days
Slippage unknown: BloFin: live order book, 6 min ago; Paradex: no order-book sample. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy BloFin live order book, 6 min ago | 0.19 bp | 16.7 bp −$17 | 33.1 bp −$331 | doesn't fit | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
MORPHO on 27 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_MORPHOUSD | −0.1754% | 1h | 2.6510 | +0.014% | $81K | $143K | 20x | as long as short |
| Deribit MORPHO_USDC-PERPETUAL | −0.1068% | 1h | 2.6513 | +0.026% | $11K | $812 | 10x | as long as short |
| 01 Exchange MORPHOUSD | −0.0856% | 1h | 2.6456 | −0.189% | $869 | $12K | 5x | as long as short |
| Polymarket Perps MORPHO-USD | −0.0464% | 1h | 2.6513 | +0.026% | $28K | $1.7M | 5x | as long as short |
| GRVT MORPHO_USDT_Perp | −0.0448% | 4h | 2.6519 | +0.047% | $41K | $146K | 10x | as long as short |
| Injective MORPHO/USDC PERP | −0.0405% | 1h | 2.6430 | −0.287% | $37 | $242K | 5.5x | as long as short |
| Bybit MORPHOUSDT | −0.0368% | 4h | 2.6510 | +0.015% | $8.4M | $9.3M | 25x | as long as short |
| Coinbase International MORPHO-PERP-INTX | −0.0360% | 1h | 2.6546 | +0.151% | $76K | $43K | 25x | as long as short |
| Variational Omni MORPHO | −0.0201% | 4h | 2.6491 | −0.055% | $630K | $1.0M | — | as long as short |
| BloFin MORPHO-USDTlong | −0.0187% | 4h | 2.6506 | long leg | $637K | $253K | 20x |
Kraken Futures PF_MORPHOUSD
Deribit MORPHO_USDC-PERPETUAL
01 Exchange MORPHOUSD
Polymarket Perps MORPHO-USD
GRVT MORPHO_USDT_Perp
Injective MORPHO/USDC PERP
Bybit MORPHOUSDT
Coinbase International MORPHO-PERP-INTX
Variational Omni MORPHOShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_MORPHO_USDC | −0.0144% | 4h | 2.6510 | +0.015% | $10K | $34K | 10x | as long as short |
| Gate MORPHO_USDT | −0.0068% | 4h | 2.6538 | +0.121% | $769K | $533K | 50x | as long as short |
| Phoenix MORPHO | −0.0060% | 1h | 2.6548 | +0.158% | $43K | $477K | 5x | as long as short |
| Reya MORPHORUSDPERP | −0.0004% | 1h | 2.6509 | +0.013% | $16 | — | 10x | as long as short |
| Binance MORPHOUSDT | +0.0053% | 4h | 2.6547 | +0.155% | $16.1M | $26.0M | 75x | as long as short |
| MEXC MORPHO_USDT | +0.0054% | 4h | 2.6508 | +0.008% | $5.5M | $961K | 100x | as long as short |
| Extended MORPHO-USD | +0.0056% | 1h | 2.6505 | −0.005% | $103K | $298K | 10x | as long as short |
| Aster MORPHOUSDT | +0.0057% | 4h | 2.6502 | −0.016% | $58K | $30K | 20x | as long as short |
| Lighter MORPHO | +0.0096% | 1h | 2.6553 | +0.179% | $316K | $331K | 5x | as long as short |
| Paradex MORPHO-USD-PERPshort | +0.0100% | 8h | 2.6503 | −0.013% | $5K | $3 | 5x | |
| OKX MORPHO-USDT-SWAP | +0.0100% | 4h | 2.6517 | +0.042% | $3.2M | $4.5M | 20x | as long as short |
| KuCoin MORPHOUSDTM | +0.0100% | 4h | 2.6526 | +0.075% | $594K | $267K | 50x | as long as short |
| Bitget MORPHOUSDT | +0.0100% | 4h | 2.6538 | +0.121% | $2.9M | $1.8M | 75x | as long as short |
| BingX MORPHO-USDT | +0.0100% | 4h | 2.6516 | +0.038% | — | $1.4M | — | as long as short |
| SoDEX MORPHO-USD | +0.0100% | 1h | 2.6508 | +0.008% | $22K | $4K | 5x | as long as short |
| Hyperliquid MORPHO | +0.0107% | 1h | 2.6580 | +0.279% | $6.3M | $7.0M | 5x | as long as short |
| GMX MORPHO/USD [ETH-USDC] | L +0.0158% / S −0.3418% | 1h | 2.6539 | +0.126% | $1K | — | 100x | as long as short |
Orderly PERP_MORPHO_USDC
Gate MORPHO_USDT
Phoenix MORPHO
Reya MORPHORUSDPERP
Binance MORPHOUSDT
MEXC MORPHO_USDT
Extended MORPHO-USD
Aster MORPHOUSDT
Lighter MORPHO
OKX MORPHO-USDT-SWAP
KuCoin MORPHOUSDTM
Bitget MORPHOUSDT
BingX MORPHO-USDT
SoDEX MORPHO-USD
Hyperliquid MORPHO
GMX MORPHO/USD [ETH-USDC]